Supportworks Housing
- Assets
- $39.5m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 182
- Location
- Richmond, VA
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 54-1444564
Organization Overview
Supportworks Housing is located in Richmond, VA. The organization was established in 1988. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Supportworks Housing employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supportworks Housing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Supportworks Housing generated $14.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $11.5m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE END HOMELESSNESS BY PROVIDING PERMANENT HOUSING AND SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VSHS HOUSING FIRST PROGRAM CONSISTS OF SCATTERED SITE PROJECTS THAT PROVIDE RENTAL ASSISTANCE AND HOUSING STABILIZATION SUPPORTIVE SERVICES FOR FORMERLY CHRONICALLY HOMELESS INDIVIDUALS WHO RESIDE WITH THIRD-PARTY LANDLORDS IN OUR COMMUNITIES. THE HOUSING FIRST PROGRAM IS VSHS LARGEST SCATTERED SITE PROGRAM FUNDED THROUGH MULTIPLE HUD CONTINUUM OF CARE (COC) COMPETITIVE GRANTS WITH SUPPLEMENTAL FUNDING FROM THE CITY OF NORFOLK AND A DHCD HOUSING TRUST FUND HOMELESS REDUCTION GRANT. IN 2023, THE HOUSING FIRST PROGRAM SERVED 107 INDIVIDUALS IN 105 HOUSEHOLDS. 99% SERVED DID NOT RETURN TO HOMELESSNESS.
OTHER SEE SCHEDULE O
VSHS SUPPORTIVE SERVICES FOR VETERAN FAMILIES (SSVF) PROGRAM PROVIDED HOMELESSNESS PREVENTION AND RAPID RE-HOUSING ASSISTANCE TO VETERAN HOUSEHOLDS IN CHARLOTTESVILLE, CENTRAL VIRGINIA, AND BALANCE OF STATE REGIONS IN VIRGINIA. IN 2023, THE PROGRAM SERVED 280 VETERANS. THERE WERE 253 EXITS RESULTING IN 187 VETERAN HOUSEHOLDS MAINTAINING FINANCIAL AND HOUSING STABILITY.
HOMELINK IS VSHS LARGEST SCATTERED-SITE PERMANENT HOUSING PROGRAM SERVING CHRONICALLY HOMELESS HOUSEHOLDS IN RICHMOND. IT IS FUNDED THROUGH A SINGLE CONSOLIDATED HUD CONTINUUM OF CARE (COC) GRANT AND RECEIVES ADDITIONAL FUNDING THROUGH A DHCD HOUSING TRUST FUND HOMELESS REDUCTION GRANT AND A RICHMOND NON-DEPARTMENTAL GRANT. IN 2023, THE HOMELINK PROGRAM HOUSED AND SERVED 245 INDIVIDUALS IN 209 HOUSEHOLDS 98% MAINTAINING THEIR HOUSING STABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Snook President | OfficerTrustee | 5 | $0 |
Kathy Robertson Vice President | OfficerTrustee | 2 | $0 |
Joshua Ragland Treasurer | OfficerTrustee | 1 | $0 |
Andrew Sherrod Secretary | OfficerTrustee | 1 | $0 |
Sharon K Nusbaum Director | OfficerTrustee | 1 | $0 |
Curtis Carter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dwell Richmond Llc Rents | 12/30/23 | $171,889 |
Crf Llc Rents | 12/30/23 | $141,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,352,793 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,511,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,864,075 |
| Total Program Service Revenue | $2,016,549 |
| Investment income | $238,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,118,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,098,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $597,107 |
| Payroll taxes | $369,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,598 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,962 |
| Travel | $132,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,589 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,792 |
| Insurance | $107,208 |
| All other expenses | $290,412 |
| Total functional expenses | $11,505,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,557,096 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $135,118 |
| Net Land, buildings, and equipment | $381,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,929,406 |
| Total assets | $39,489,794 |
| Accounts payable and accrued expenses | $188,106 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,664,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $564,066 |
| Total liabilities | $5,417,170 |
| Net assets without donor restrictions | $33,986,660 |
| Net assets with donor restrictions | $85,964 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,489,794 |